Elijah Householder
Room rental income to qualify? (FTHB)
Hi all, hope everyone had a solid weekend! i have a couple quick questions about using rental income to qualify.This is my first (possible) purchase and basically the home price is outside of my range to qualify on my...
Lam N.
We unintentionally did a live-in flip
Greetings. I wanted to share an unintentional success story about doing a live-in flip.2 years ago, my spouse and I was in the market to buy another house. We wanted to be cheap, so we bought a foreclosed house for ...
Matt Duffey
quitclaim my property to a LLC - do I giveup any deductions?
My wife and I currently own 1 unit in a 3 unit condo building. We are pursuing a second unit in the building and will need to put our current unit in a LLC. We will continue to live in this unit and rent out the uni...
Tavis Moore
Online Bank, National, or Community?
Hello everyone! Back again! LolNeed to transfer my bank account from my local hometown bank since I will be relocating.What kind of bank should I set yo my next account? I'm leaning towards a community Bank so I can...
Tomoko Hale
What is ADU?
I have been checking a few houses to invest. One of the houses I'm looking at says " ADU" what does exactly mean? It is historically reserved so If I purchase this out, it would have a lot of restrictions?
Anthony Podloski
Condo Hotels in Orlando: Good move, or be wary?
What is the condo/hotel market generally like in Orlando. I'm investigating purchasing a unit, and my main experience is here in Las Vegas. Here it is nearly impossible to get financing for one, and the rental dem...
Russell Brazil
Raising The Rent
I had a tenant turnover this month, and the unit is going up $200 a month. I have another turnover Nov 1 in another unit and that unit is going up $100 a month, then January 1 the rents are going up in my other 4 unit...
Lorraine J Courtney
Q: Landlord eviction Question
Hello - I'm new, so forgive my rookie actions. Could really use some advice - We we have a tenant who has violated the terms of our lease agreement and want to evict him but are afraid of being sued and retaliation. ...
Matt Gooding
Looking for input from fellow investors on how they do taxes
New investor here who recently closed on my first 4 units. The 4 units are owned under a LLC that is set up as a partnership between me and my wife. I recently met with a CPA to discuss my tax filings for next year an...
Account Closed
Mortgage interest deduction for LLC
If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income? Or only against LLC income? thks